The US mutual fund industry is set to surpass $15 trillion in assets in February (open- and closed-end funds, and including exchange-traded funds), according to data fromStrategic Insight.
January marked a new record for the fund industry with a monthly net intake for stock and bond mutual funds of $90 billion, which is more than triple the average 2012 monthly experience, in which the average month netted under $30 billion of inflows.
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